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Gbpusdidea

BluetonaFX - GBPUSD TRIANGLE BREAK IDEAHi Traders! We have a simple triangle setup here on the GBPUSD 4H chart. There is a *Vector* level (our unique way of highlighting key and important levels in our FX charts) at 1.22746. The last time we were below 1.22746 was over two months ago around the end of March 2023, so there is bound to be some support if we approach that level again for the first time since April. We are now waiting for a possible break and close to the downside to target 1.22746. If we fail the break to the downside, we have a Vector level to the upside of the break and close of the triangle at 1.25467. Please remember to like, comment and follow. Thank you for your support. BluetonaFX
by BluetonaFX
2
GBPUSD - Expect retracement ✅Hello traders! ‼️ This is my perspective on GBPUSD. Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective with clear lower lows and lower highs, so I am looking for short position from premium zone. I see price to continue the retracement and then to reject from bearish order block. Fundamental analysis: This week on Friday we have news on USD, will be released monthly NFP and Unemployment Rate. Pay attention to the results in order to validate the analysis. Like, comment and subscribe to be in touch with my content!
Short
by Snick3rSD
16
GBPUSD: Bears are still too strong!TECHNICAL ANALYSIS If GBP/USD climbs above 1.2380, which is the 20-period SMA and the upper limit of the descending channel, and utilizes it as support, it may face temporary resistance at 1.2400 and 1.2420 before aiming for 1.2450, which is the Fibonacci 23.6% retracement of the latest uptrend. If it goes downwards, the first support is at 1.2330, the midpoint of the descending channel, followed by 1.2300 and 1.2240, which are the psychological level and Fibonacci 50% retracement respectively.
Short
by Jiren-SphynChannels
GBPUSD BEAR CHANNEL CONTINUES Hi Traders! The bear channel on GBPUSD continues. We have a very simple regression channel here on 1H chart to show this. The market has been hitting the support of the channel and coming off the resistance of the channel almost perfectly. A set up like this gives numerous opportunities for entries and exits and also very good risk-reward opportunities by trading within the range of the channel. Please do not forget to like, comment and follow, we would love to hear your thoughts! Thank you for your support. BluetonaFX
by BluetonaFX
3
GBPUSD Flat miexd bagLONG TERM BEARISH DAILY BEARISH 4H Bearish 2 H Bearish 2H Momentum BEARISH BoE raises rates by 25 bp, revises inflation, GDP forecasts here was no surprise as the Bank of England raised rates by 25 basis points, bringing the cash rate to 4.50%, its highest since 2008. This marked the twelfth consecutive hike in the current rate-tightening cycle, underscoring the BoE’s pledge to curb hot inflation. Governor Bailey said after the rate announcement that Bank would “stay the course to make sure that inflation falls all the way back to the 2% target”. Nobody is expecting that the road to 2% will be easy, with inflation currently in double digits. The BoE remains optimistic that inflation will fall rapidly during the year and will fall to 5% by the end of the year. In February, the BOE predicted 4% inflation by the end of the year. This seems like a tall order but is certainly possible if the rate hikes make themselves felt and cool the economy. GBP/USD is putting pressure on support at 1.2495. The next support level is 1.2366. 1.2573 and 1.2676 are the next resistance lines. The GBP/USD pair might then aim to reclaim the 1.2600 round figure and test the 1.2635-1.2640 supply zone. The upward trajectory has the potential to push spot prices towards the 1.2700 mark, which coincides with the top end of the ascending channel.
Short
by DaveBrascoFX
4
GBP/USD Alert: Unrealistic Forecast for UK Inflation? Tomorrow, the latest inflation rate for the UK will be released, which will be significant for traders dealing with GBP/USD due to the perhaps unrealistic forecast for a 2-percentage point drop. It is expected that the inflation rate for April will have significantly dropped to 8.2%. Are markets overly optimist with this forecast? In March, the consumer price inflation rate in the United Kingdom eased to 10.1% on a year-on-year basis, slightly lower than the 10.4% recorded in February but higher than the market's expectation of 9.8%. The British pound has remained strong, with a value around $1.2435, staying close to its 12-month high of $1.2679 reached on May 10th. Currently, money markets predict an 80% chance of the Bank of England raising interest rates by 25 basis points to 4.75% in June, and a 79% chance of a 5% Bank Rate by September. Recently, the BoE increased rates to 4.5%, the highest level since 2008. On the other hand, some expect the US Federal Reserve to pause its current tightening cycle as policymakers carefully consider concerns about inflation's impact on economic growth. There have been positive developments regarding discussions about the US debt ceiling, according to US House Speaker Kevin McCarthy, who mentioned the possibility of a deal being reached tonight or tomorrow. When examining the 4-hour chart, the pair tested an important 50-bar moving average (MA) and attracted buyers on Friday. This MA will continue to be a significant level leading up to the inflation rate data drop. If the GBP/USD pair maintains its upward bias, it will need to contend with the Relative Strength Index (RSI) indicator, which recently dipped below the 50-midline. Should the 50-day MA be breached, the expected trading range for today could be between support at 1.2350 and resistance at 1.2400.
by BlackBull_Markets